Lyntris (NYSE:LYNX – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $194.43 million for the quarter.
Lyntris Trading Down 19.4%
Shares of NYSE LYNX traded down $2.27 during mid-day trading on Wednesday, reaching $9.44. The company had a trading volume of 738,807 shares, compared to its average volume of 525,852. Lyntris has a 52 week low of $8.75 and a 52 week high of $16.00. The stock’s 50-day moving average price is $12.47.
Insider Activity at Lyntris
In other Lyntris news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.50, for a total value of $145,833,327.50. Following the completion of the sale, the insider directly owned 11,966,544 shares of the company’s stock, valued at $209,414,520. The trade was a 41.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matthew Alty sold 238,583 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $3,924,690.35. Following the completion of the sale, the president directly owned 1,789,377 shares of the company’s stock, valued at approximately $29,435,251.65. This trade represents a 11.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,912,282 shares of company stock worth $155,357,039 over the last ninety days.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Raymond James Financial initiated coverage on shares of Lyntris in a report on Monday, September 14th. They issued an “outperform” rating and a $18.00 target price for the company. William Blair started coverage on shares of Lyntris in a research note on Monday, September 14th. They set an “outperform” rating on the stock. Zacks Research upgraded Lyntris to a “hold” rating in a report on Tuesday, September 15th. Guggenheim started coverage on shares of Lyntris in a report on Monday, September 14th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Wall Street Zen raised shares of Lyntris to a “hold” rating in a research note on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lyntris presently has an average rating of “Moderate Buy” and an average target price of $19.86.
Read Our Latest Research Report on Lyntris
Lyntris Company Profile
Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.
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